Central Bank Governor Says Liquidity Growth Has Slowed

Central Bank Governor Abdolnasser Hemmati said on Monday, September 21, 2026 (30 Shahrivar 1405) that the pace of liquidity growth has eased in recent months. According to a Central Bank statement carried by Donya e Eqtesad, five month liquidity growth through the end of Mordad 1405 reached 19 percent versus the end of 1404, compared with 18 percent in the same five months a year earlier.

Hemmati said he hopes that containing liquidity growth will help the slowdown in inflation's pace, which began in Tir, continue through Shahrivar. He added that the Central Bank and the banking system financed 4,100 hemat (1 hemat equals 1,000 billion tomans, so about 4,100 trillion tomans) in production loans over the first five months of the year, up 68 percent from the start of the year, with a further 269 hemat financed through supply chain financing tools.